Liquid Global, which was bought by crypto exchange FTX earlier this year, said it is halting all withdrawals after FTX filed for Chapter 11 bankruptcy in the U.S.
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In a tweet, the company said customers would not be able to take out either fiat or cryptocurrency.
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FTX, which had extended Liquid a $120 million loan in the wake of the hack before agreeing to buy the exchange outright, didn’t disclose how it much paid to purchase Liquid.
Read more: Japan’s Liquid Global Exchange Hacked; $90M in Crypto Siphoned Off
CORRECTION (Nov. 15, 13:19 UTC): Corrects to say FTX bought the exchange; an earlier version said it had bailed it out following the 2021 hack.
